SnapSoft
SnapSoft – a cloud-based AWS Advanced Tier Partner company, ranked on Deloitte's "CE Fast 50" list of the fastest-growing technology companies – entered a joint venture agreement with the Seattle-based NearSummit Capital.
Deal summary
Our Client, SnapSoft – ranked on Deloitte's "CE Fast 50" list of the fastest-growing technology companies in CEE – is a cloud-based development company and an AWS Advanced Tier Partner, offering comprehensive end-to-end services spanning the data layer, web and mobile applications, DevOps, and hosting solutions. The joint venture agreement with the Seattle-based NearSummit Capital enhanced SnapSoft's next stage of growth in the US market.
Deal rationale
This joint venture seeks to build on SnapSoft's core strengths while introducing new and distinctive expertise to deliver unparalleled service quality to its customers across the US, EMEA, and beyond. The agreement marks an important step in SnapSoft's growth trajectory in the US market, leveraging NearSummit Capital leadership’s proven track record of innovative and creative business solutions in the technology sector.
Absolvo advised
Our M&A team provided comprehensive advisory services to the shareholders, including deal structuring across US and Hungarian jurisdictions, discussing deal terms, drafting and negotiating term sheet, joint venture agreements and other related documents, and coordinating legal and tax considerations.
The deal team
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